Vodafone Turns To ‘Trust Your Supplier’ Blockchain-based ID Platform To Increase Diversity

2020-3-7 23:31

Vodafone, the multinational telecom company, is exploring blockchain tech in an attempt to enhance its supply chain and verify its suppliers.

If it integrates blockchain with its internal processes, it will manage to enhance its supply chain. Known as Trust Your Supplier, a digital identity platform, they are able to endorse and authenticate suppliers, per a Vodafone announcement on 3/6/2020.

Criteria for Diversity to Be Implemented

In the same announcement, Vodafone also explained that it is implementing diversity criteria in order to influence decisions on procurement, all while not ignoring the standard criteria that include value, technology, safety, and delivery when suppliers are invited to manage the business.

Developed last summer by tech behemoth IBM and Chainyard, a blockchain company, Trust Your Supplier doesn’t have only Vodafone as a founding member. On the contrary, its founders include Lenovo, Cisco, Schneider Electric, Nokia and even one of the biggest pharmaceutical companies in the UK, GlaxoSmithKline. And these are only a few of the big names behind it.

The Trust Your Supplier platform’s main objectives are eliminating manual processes than consume too much time and reducing the risks of errors and fraud.

Blockchain Embraced by the Telecom Sector

Telecom providers from all over the world are deploying blockchain more and more, and even for other than their supply chain. For example, Telefonica closed a partnership with the Association of Science and Technology Parks and allowed access for around 8,000 Spanish firms to its blockchain.

The largest telecom firm in South Korea, KT, was about to launch a blockchain-based currency for the city of Busan on December 30, saying the currency could have been used with any credit card terminal, especially more at small local business and less at larger retailers so that shopping with businesses run by families or individuals and not corporations would be encouraged.

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Фото:

California Giant Berry Farms Deploys Blockchain for Increased Supply Chain Transparency

Leading California-based fresh produce firm – California Giant Berry Farms – is using the Glasschain blockchain platform to track the movement of its berries along the supply chain. Notably, California Giant is also blockchain compliant with the IBM Food Trust allowing all points of the firm’s berry supply chain to access data at all times,Read MoreRead More.

2020-5-19 13:07


Фото:

Accenture, Mastercard, Amazon Web Services Partner for Farming and Supply Chain Sustainability

Accenture, a global professional services company in collaboration with Mastercard, Everledger, Amazon Web Services, and Mercy Corps has introduced a “circular supply chain capability” to enable consumers to reward small scale producers and bring about transparency along the supply chain, reports Newsroom on on February 25.

2019-2-28 17:00


TheraCann ETCH Biotrace Technology Launches For Blockchain Cannabis Tracing And Tagging

TheraCann International Benchmark Corporation in conjunction with Applied DNA Sciences, Inc. have announced the launch of their breakthrough ETCH biotrace™ technology. TheraCann is a leading full service international cannabis business and “seed to sale” technology firm while Applied DNA Sciences is the leader in molecular technologies for supply chain transparency. The molecular “tag and trace” […]

2018-8-3 00:44


Фото:

Commonwealth Bank Boasting Blockchain-Enabled Global Trade Platform

In-house blockchain technology solutions continued to permeate supply chains as Australia’s Commonwealth Banks has successfully conducted a high-profile shipping experiment. ‘Agile, Efficient and Transparent’ Australia’s Commonwealth Bank has successfully shipped and tracked seventeen tonnes of almonds in a blockchain-based collaboration with five domestic and international supply chain leaders.

2018-8-1 01:00


Фото:

An Australian Blockchain Experiment: Tracking Global Almond Shipments

Following a successful 2016 trial of blockchain technology in an interbank open account transaction, the Commonwealth Bank of Australia (CBA) has partnered with five international and Australian companies to ship 17 tonnes of almonds from Melbourne, Australia, to Hamburg, Germany, using a new distributed ledger platform built on the Ethereum blockchain.

2018-7-31 23:13


Blockchain Technology and IoT to Manage Supply Chains and Animal Welfare Conditions in Australia

According to the Australian Broadcasting Network (ABC), John Baird, entrepreneur and former CSIRO experimental scientist and chairman of the cybersecurity advisory council, is looking to combine blockchain technology and internet of things (IoT) technology to track the food supply chain from paddock to plate.

2018-7-31 22:03


Commonwealth Bank Of Australia Records Amazing Blockchain Success

A new global trade experiment with blockchain technology has been marked successful by the Commonwealth Bank of Australia, according to a press release on Monday. In a bid to enhance multiple aspects of the supply chain process, the bank combined cutting-edge solutions such as distributed ledger technology(DLT), Internet of Things (IoT), and smart contracts into […] The post Commonwealth Bank Of Australia Records Amazing Blockchain Success appeared first on ZyCrypto.

2018-7-31 20:10


Фото:

17 Tons of Almonds are about to ship to Europe with Blockchain by Commonwealth Bank of Australia

The Commonwealth Bank of Australia (CBA) has announced the completion of a successful trade using its new blockchain platform, according to its July 30 press release. In a collaborative effort involving five domestic and international “supply chain leaders,” the bank used blockchain to track a shipment of 17 tons of almonds from Melbourne to Hamburg,

2018-7-30 16:34


Notes on Blockchain Governance

In which I argue that “tightly coupled” on-chain voting is overrated, the status quo of “informal governance” as practiced by Bitcoin, Bitcoin Cash, Ethereum, Zcash and similar systems is much less bad than commonly thought, that people who think that the purpose of blockchains is to completely expunge soft mushy human intuitions and feelings in favor of completely algorithmic governance (emphasis on “completely”) are absolutely crazy, and loosely coupled voting as done by Carbonvotes and similar systems is underrated, as well as describe what framework should be used when thinking about blockchain governance in the first place.

2018-7-21 23:03


‘Sledgehammer’ singer Peter Gabriel invests in crypto company, Proverance

On 18th July, British startup Provenance received additional funds from legendary musician Peter Gabriel, the lead for the band Genesis. Provenance is a blockchain technology company which is based on the supply chain industry, the company also received funds from Working Capital Fund, Digital Currency Group, Merian Ventures, and Plug and Play. Jesse Baker, the […]

2018-7-21 07:25


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